Richard “Nobody Likes me and I don’t care” Jennings of Align Research has demanded an AGM at ADM Energy (ADME) to oust the useless board and to install him instead. Jennings will work for just £1. Just two of the directors have, he claims, cost the company almost a million quid over the past two years.  The current ADM board is overpaid and has failed, we back Jennings almost 100%.  Jennings has today written an open letter making his case, which makes shocking allegations. It is below. Our only gripe with Jennings is that he seems to think that appointing Tory toff Sir Henry Bellingham of 3DM infamy as a NED helps anything. It does not. Bellend is a useless and tainted tosser who should be cold shouldered. Other than this lapse of Judgement by Jennings, we agree with all said below.

Will Richard Gill, aka Gollum, the AIM Shit of the year 2012-2020, update the Crowd For Angels green ponzi bond prospectus to reflect the lies exposed by today’s full year results from Verditek (VDTK)? I doubt it. Remember that in the run-up to an October 2020 £3.5 million fund raise, this company announced EIGHT sales contracts.

As I have noted many times, following the “disappearance” of the eight contracts Verditek (VDTK) used to ramp the shares ahead of its last bailout placing, it is a company without revenue and now, once again, almost out of cash. And this it seems that equity investors have had enough and so the company has resorted to even dimmer and more credulous punters from the crowdfunding community. I have no idea what Tory Toff Lord Willetts is smoking other than a last cigar marked desperation but this makes no sense.

As his loyal butler presents a plate of a fresh kipper, rushed by the overnight train from Arbroath, in front of Tory Toff David Willetts this morning, his Lordship must be pondering seriously whether Verditek (VDTK), the company he chairs, is, itself, at serious risk of becoming a dead herring. The company has survived since its 2017 IPO by generating not a cent of revenue but by announcing numerous contracts to ramp the shares ahead of bailout placings only to admit later that the contracts have come to nowt. But what now?

Oh dear, oh dear, oh dear. That used to be the catchphrase of disgraced penny share tipster Mike Walters of Minmet, 3DM, Polly Peck, Pursuit Dynamics, etc, etc infamy. I wonder if he will be using it today as the Verditek (VDTK) dog he has promoted so aggressively has coughed up to another lack of sales warning. It means that a bailout discount placing is inevitable within the next couple of months but natch the company, chaired by Tory Toff Lord Willetts, polishes the turd.

I hope that AIM Regulation is taking seriously the way that Verditek (VDTK) announced a series of EIGHT contract wins last summer to ramp its shares ahead of a bailout placing in October only to admit, incrementally, that almost none, if not none of the contracts had actually landed. Verditek has done this several times before and needs to be publicly admonished if it is not to commit securities fraud in this way again.  But there is another matter…

Yesterday, Verditek (VDTK) finally ‘fessed that its 2020 revenues would be almost nothing. That is despite it announcing on June 30 that its Italian operation was now “in production and is generating revenue” and the announcement of no less than EIGHT separate orders from 30 June onwards. All of those “orders” were announced before a bailout placing on October 6. And it is not as if this company, chaired by Tory Toff Lord Willetts, has not got extensive form in announcing big orders before placings which then turn out to be bogus. The Oxymorons at AIM Regulation could have stopped this if they had heeded my calls in a letter to them about a full enquiry into past pre-placing deceits going back right to the IPO but they did nothing. There now needs to be a full enquiry into the company and into Nomad WH Ireland with public censures resulting. My letter is below:

Twice in the past week, most stridently yesterday afternoon HERE, I have made it clear that Verditek (VDTK), the serial AIM sewer deceiver ramped by shamed tipster “old mother” Walters and chaired by Tory toff Lord Willetts, needed to come clean on yet another pre-placing deceit and its lack of revenues. I guess the Oxymorons at AIM Regulation were listening as this morning the company fessed up. It’s ouzo time for me!

For those who do not understand the cultural idiom, younger listeners, the reference video is below. I inject a bit of class warfar to keep working class hero and Euro loon Jonathan Price happy. In today’s show I discuss Marechale (MAC) the latest Chris Akers spoof, Verditek (VDTK), Nightcap (NGHT) and Bluebird Merchant Ventures (BMV)

What would you do if you were running a PLC with almost no cash and which was burning cash? It is a position I have been in and it is not a good place to be. You cut costs perhaps? Or you just do whatever is needed to raise fresh equity whatever the cost involved in doing that…

Verditek (VDTK), a company with negative net current assets and which is burning cash so is technically insolvent, has today announced the publication of a research report. Natch, the pathological liars at Verditek deceive investors even with this pathetic attempt to ramp the shares ahead of a placing.

Spotting misleading and deceptive RNS statements made by technically insolvent AIM listed ramp Verditek (VDTK) is like shooting fish in a barrel. The skill is in finding one that is demonstrably true! Given that the company needs a placing pronto to avoid bankruptcy, AIM Regulation and the FCA should be investigating all its statements made via RNS to establish if ANY are true, given how many pre-placing lies I have unearthed. So here is yet another one… Optimeyes

I have now proved beyond any doubt that technically insolvent Verditek (VDTK) has misled investors grotesquely during five separate fund raises. If AIM Regulation was not staffed by such poltroons, the shares would already be suspended. They may still be. So what does that say for the integrity of the man at the helm, the chairman Tory Toff Lord David Willetts?

Verditek (VDTK) has been forced by my expose of last week to admit today that it DID mislead investors with regards to 2019 contract wins and revenues…